Updated Nov 19, 2023
John And Diane Sculley Expand Palm Beach Estate With $11.4M Off-Market Acquisition
110 Mockingbird Trail Palm Beach, FL 33480, USA
$11,400,000
$3,931/SF
Building Size
2,900 SF
Asset Type
Single Family Residence
Closing
May 8, 2023
About this deal
AI
John Sculley, former CEO of Apple, has expanded his Palm Beach estate to a full acre by purchasing a neighboring property for $11.4 million in an off-market deal. The property is a single-family home located at 110 Mockingbird Trail in Palm Beach. It spans 2,900 square feet and was sold at a price per square foot of $3,931. The sale was completed on 05/08/2023.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $11,400,000
- Address: 110 Mockingbird Trail
- Market: Palm Beach
The buyers in this transaction were Diane Sculley and John Sculley, while the seller was Nancy M. Farry. This acquisition brings John Sculley's total investment in Palm Beach real estate to $26.4 million, as part of a trend in South Florida where luxury buyers are creating larger compounds for increased space and privacy.
Players
Miami Single Family Residence Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.39%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93